Here's a statement of the obvious: The opinions expressed here are those of the participants, not those of the Mutual Fund Observer. We cannot vouch for the accuracy or appropriateness of any of it, though we do encourage civility and good humor.
@hank - I disagree or beg to differ take your pick. His "surprises" are totally market/investing related (see your excerpt quoted above). He doesn't say anything about acting on them which is good, nor do I intend to which could go either way. Just …
Does anyone know what his batting average is? I googled but couldn't find anything. I also looked at some of his previous years predictions and it seems like he repeats certain surprises until they finally happen.
For those who might be interested the attached link was compiled by the Farnam Street Bolg.
Who is Charlie Munger? Wit and Wisdom From The World’s Most Irreverent Billionaire
https://www.farnamstreetblog.com/charlie-munger/
"Still attempting to determine if there are particular equity areas that may be more happy from the "tax package"; or if the equity market will be one big "love fest"."
@catch22 - there's an ETF for that, TAXR. Not for me though. I don't much care …
What about something like VWEHX or PONDX? VWEHX is risky to the principal I know but as long as the income keeps rolling in it'll recover given his stated time frame. PONDX is less risky for an almost equal effect. Have smaller amounts in Ted's 2 su…
You're welcome @MikeM. And no, you read it right the first time. Mutual funds constitute less than 17% of my entire portfolio. The other 83% is made up of growing dividend producing stocks and REIT's along with a goodly chunk of preferred stocks and…
@MikeM re: ROSOX/RNWOX split - the two seem to operate in different arena's near as I can discern. ROSOX the Overseas fund is a better fit straight on to the holdings in TIBIX being more centered on large cap foreign holdings in established markets…
At years end I sold a lot of TIBIX and divided it between the Rondure funds ROSOX and RNWOX. Frankly it's primarily a play on the management and ownership.
Trying to decide what to do with M now that the holiday shopping season is over. Otherwise j…
Circling the energy, utility and REIT dumpsters for signs of life. No particular favorites and may just end up with XLE, XLU or VPU and REM. For desert - MJX. Have a good year my friend.
Just thinking that infrastructure stuff might get a jolt but …
"FYI: Investors weren't challenged to make money in 2017. It was almost impossible to lose it."
Nevertheless, HSGFX persisted in keeping their losing streak alive. What is that like 8-9 years running now? Rockstar!
@expatsp - other than it (PTY) includes corporate bonds in the mix I haven't much of a clue.
@Ted - well then maybe the title of the article needs changing along with the statement that 'bonds' are stuck in no man's land. Obviously certain types av…
I'll take this kind of doing nothing any time, any year, any where:
PCI - 21.37% total return YTD
PDI - 19.17%
PFL - 21.61%
PFN - 20.87%
PTY - 27.30%
All return figures cited courtesy of M*
@hank & MikeM - thanks for the laughs. FWIW - I are. Too flippin' cold outside to do much else.
BTW Mike, you're suspect. You know too much about the process to be a virgin.
p.s. edited to add that I too went to assess an investment in MJX but…
The trouble I see is that the twit-in-chief doesn't care one bit what you, I or anyone else thinks of him and/or what he does. He believes that he is never at fault, never wrong and that he can bully or buy his way into whatever result he wants. His…
I only hold 5 funds but MAPIX is one of them and has been for a long time. Others that I know of have been adding to it lately. I can't tell you if it's right for you or not.
Hey good buddy, glad to see that your procrastinating tush finally got in gear. Thought I was going to have to cover for you. Again. Freakin' jarheads, always waiting for the Navy to step up.
@Davidmoran - I cringe too when a label is applied to all members of this or that group but when a group shoves a bill which effects us all, hammered out with little to no input from the opposing group(s), down the throats of the American people who…
Just once in my lifetime I would like to see these scummy creeps do something that is right for the collective good rather than for themselves. Their lack of common decency is pathetic. Have any of them looked through the constitution lately or even…
Funny that you should bring up this topic Hank. On Monday I ordered some stuff from Amazon. I am not a 'prime' member but I do purchase enough to qualify for the free shipping (usually listed as 5-7 days). Thursday, 3 days later, it was on my front …
Ah Lewis, we all know that a handsome chunk of this tax break will go into the back pocket of those smug politicians and their PAC's via the lobbyists for the corporations. That's all that matters to them. Screw all that greater good stuff.
I'm of the opinion that money that has been taxed once (bigly assuming that it has been) shouldn't be taxed again. However I am also of the opinion that one shouldn't be able to hide money in offshore accounts and in all the nooks and crannies curre…
@MikeM - I respectfully request that you not put your rally stopping powers to work at this time. I'll call you when it's appropriate to do so.
On an off topic matter, I truly enjoyed the game your boys played in this past Sunday. Very reminiscent …
msf, I hold on to a long time WF account for 1) withdrawing cash amounts greater than $200 which seems to be the max in one ATM transaction; 2) free cashier checks; 3) free notary services; 4) and it's the home base for many of my online bill paymen…
If one insists on going this dividend payment route then you might want to look at VYM where you can up the yield by 0.50% and cut your expense ratio from 0.35% down to 0.08%.
